Running Oak Capital LLC Boosts Holdings in Curtiss-Wright Corporation (NYSE:CW)

Running Oak Capital LLC raised its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,622 shares of the aerospace company's stock after buying an additional 6,221 shares during the quarter. Curtiss-Wright comprises about 1.9% of Running Oak Capital LLC's holdings, making the stock its 27th largest position. Running Oak Capital LLC owned about 0.13% of Curtiss-Wright worth $15,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp boosted its position in Curtiss-Wright by 6.2% during the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after purchasing an additional 825 shares during the period. Athena Investment Management purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth about $302,000. Daiwa Securities Group Inc. boosted its position in shares of Curtiss-Wright by 1,694.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock valued at $4,210,000 after acquiring an additional 11,202 shares during the period. JPMorgan Chase & Co. increased its holdings in Curtiss-Wright by 28.9% during the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company's stock worth $54,519,000 after acquiring an additional 34,489 shares during the period. Finally, Mission Wealth Management LP purchased a new stake in Curtiss-Wright in the 1st quarter worth approximately $206,000. Institutional investors own 82.71% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CW. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Stifel Nicolaus dropped their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Truist Financial decreased their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird raised their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Citigroup raised their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $418.00.

Insider Activity

In related news, VP John C. Watts sold 450 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president now owns 4,959 shares in the company, valued at $2,228,376.24. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the sale, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,130 shares of company stock worth $2,726,412 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Down 0.1%

CW traded down $0.50 during trading on Wednesday, reaching $475.52. The stock had a trading volume of 88,209 shares, compared to its average volume of 287,825. Curtiss-Wright Corporation has a one year low of $258.85 and a one year high of $482.47. The company has a market capitalization of $17.91 billion, a price-to-earnings ratio of 42.37, a P/E/G ratio of 3.12 and a beta of 1.14. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The stock's 50 day moving average is $406.90 and its two-hundred day moving average is $362.20.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The business had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. During the same quarter in the prior year, the company earned $1.99 earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. As a group, analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.